To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information
I AgreeAnalysis of Knitted Fabrics market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The knitted fabric market analysis exhibits that global demand reached nearly US$ 24 Bn in 2020. According to Fact.MR’s report, knitted fabric sales will likely expand at a CAGR of nearly 5% from 2021 to 2031, with new market entrants and developing firms accounting for nearly 50% of the overall market.
Global knitted fabrics market size is projected to reach nearly US$ 40 Bn by 2031. Because of its low cost, improved elasticity, and easier manufacturing method, weft-knitted fabrics will continue dominating the market.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
From 2016 to 2020, demand for knitted fabrics expanded at a CAGR of around 4% to be valued at around US$ 24 Bn. Growing applications in the construction, vehicle, medical, and manufacturing sectors have generated profitable opportunities in the said period.
The growing usage of high-tech medical textiles in healthcare applications is projected to open up a slew of new prospects for knitted fabric manufacturers. To improve the texture and flexibility of knitted materials, they are using new printing processes.
The worldwide knitted fabrics industry is expected to generate significant revenue over the upcoming years 2021-2031. As per projections estimated by Fact.MR, a CAGR close to 5% is anticipated for the market in the aforementioned forecast period.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Circular knit textiles that are feather-light are popular in the hosiery sector. The ability of knitted textiles to provide greater ventilation is a major factor in this scenario. Furthermore, protective apparel is frequently made from lightweight knitted materials.
Karl Mayer has introduced the new 4D-KNIT generation of warp-knitted fabric. The new fabric type brings up previously unimagined design and product development opportunities.
Rising demand for improved 3D knitting technologies, automation, and artificial intelligence is rapidly penetrating the global textile industry. The need to enhance productivity is prompting manufacturers to adopt advanced production methods.
Significant developments have peppered the knitted fabrics domain in this regard. For instance, polymer specialists Polymaker and Covestro announced the release of their new jointly developed 3D printable fabrics in 2020. The companies have developed a whole new processing technology, in collaboration with two 3D printer manufacturers.
These printing approaches, according to Polymaker, are environmentally friendly alternatives to traditional weaving. Both companies claim it can help transform and upgrade 3D printed fabrics “from artwork to industrialization.”
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
According to Fact.MR, knitted fabrics demand in the U.S is expected to grow at around 4% CAGR. Because of the rising need for cotton fabric in T-shirts and outdoor wear, the U.S is an important market for knitted fabrics.
Apart from other textile completed applications, it is also one of the primary markets for textile raw materials, fabrics, garments, yarns, and home furnishings.
Asia is one of the leading markets for knitted fabrics. Amongst all countries, China and India are likely to dominate the landscape. The countries are noted for having the world's highest garment exports.
Major Chinese manufacturers are increasingly focusing on digitalization and automation. This step is assisting them in improving the quality of their knitting textiles. Apart from China and India, Bangladesh is expected to be a promising market for knitted fabrics. A market share of nearly 60% is projected for the Asian region.
In 2021, market demand for knitted fabrics in Europe is predicted to reach 83,300 kilotons in volume, with a significant increase expected over the forecast period.
It can be linked to favorable government policies and trade agreements on the textile and garment industry, such as free-trade agreements and the Euro-Mediterranean Dialogue.
Warp-knitted fabrics are expected to remain the top selling fabric type category until 2031, capturing over 50% of overall demand. Extensive applications across a broad range of industries is spurring demand.
Warp knitted fabrics are deployed across the automotive, building & construction, clothing, interior wear & accessories, home décor, automobile and manufacturing. Uptake is majorly spurred by automotive and construction sectors.
Knitted fabrics are finding extensive applications across the automotive industry. Attributed to their cushioning characteristics, knitted fabrics are used to manufacture car seats, airbags, protective linings and roofs.
According to the market research published by Fact.MR, sales of knitted fabrics in the automotive sector is expected to grow at almost 5% CAGR across the 2021-2031 assessment period.
In the following decade, manufacturers in the Knitted Fabrics market will focus on strategic acquisitions, collaborations, and product launches.
Attribute |
Details |
Forecast Period |
2021-2031 |
Historical Data Available for |
2016-2020 |
Market Analysis |
US$ Mn for Value & ‘000 Units for Volume |
Key Regions Covered
|
|
Key Market Segments Covered |
|
Key Market Segments Covered |
|
Key Companies Profiled
|
|
Pricing |
Available upon Request |
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunities
Buy NowGet A Special pricing for start-ups and universities
Enquiry Before Buying- Humble, Yet Honored -
- Related Reports -
As per Fact.MR, sales of knitted fabrics totaled around US$ 24 Bn as of 2020
From 2016 to 2020, demand for knitted fabrics expanded at around 4% CAGR
According to Fact.MR, global knitted fabrics demand is likely to touch almost US$ 40 Bn by 2031
Increased usage of lightweight fabrics coupled with 3D printing technologies are fueling demand presently
Knitted fabrics demand in the U.S will likely expand at around 4% CAGR
The Asian market for knitted fabrics will mostly account for 50% of global demand
In Europe, knitted fabric sales in volume terms will amount to 83,300 kilotons by 2031
Warp-knitted fabrics are extensively used, capturing 50% of overall demand
The automotive industry is the dominant knitted fabrics application area, growing at almost 5% CAGR
India, China, Bangladesh, Thailand and Indonesia are expected to emerge as the top 5 knitted fabrics manufacturers